UFP Industries (UFPI) Announces Dividend and New Share Repurchase Authorization

UFP Industries, Inc. (NASDAQ:UFPI) is one of the 8 Best Lumber Stocks to Buy According to Hedge Funds. On July 23, 2025, UFP Industries, Inc. (NASDAQ:UFPI) reported that its Board of Directors declared a quarterly cash dividend of $0.35 per share.

This dividend payment represents an increase of 6% compared to last year. UFP Industries, Inc. (NASDAQ:UFPI) will pay the dividend on September 15, 2025, to shareholders who own the stock as of September 1, 2025.

UFP Industries (UFPI) Announces Dividend and New Share Repurchase Authorization

Aerial view of a wood manufacturing plant, highlighting the different divisions of the company.

Previously, on July 24, 2024, UFP Industries, Inc.’s (NASDAQ:UFPI) Board of Directors authorized the repurchase of up to $200 million worth of shares through July 31, 2025. Then, on April 23, 2025, the Board increased the repurchase authorization to $300 million.

As of July 25, 2025, UFP Industries, Inc. (NASDAQ:UFPI) has repurchased about 2.6 million shares for $269.6 million under this authorization.

On July 23, 2025, UFP Industries, Inc.’s (NASDAQ:UFPI) Board of Directors also announced a new share repurchase authorization for up to $300 million through July 31, 2026. This share repurchase authorization replaces the company’s previous repurchase authorization.

UFP Industries, Inc. (NASDAQ:UFPI) is a holding company that manufactures and distributes products for construction, packaging, and industrial applications. It is a major supplier of lumber to the manufactured housing industry. The company is also North America’s largest converter of softwood lumber.

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Disclosure: None. This article is originally published at Insider Monkey.